Which of the following is considered a period cost in absorption costing?
A) variable manufacturing overhead costs
B) fixed selling and administrative costs
C) fixed manufacturing overhead costs
D) semi-variable manufacturing overhead costs
B) fixed selling and administrative costs
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Answer the following statements true (T) or false (F)
Accountability refers to the responsibility of management to report on achieving goals for the effective and efficient utilization of enterprise resources.
Bonobos's Guideshop store concept allows men to have a personalized shopping experience, where they can try on clothing in any size or color, and then have it delivered the next day to their home or office. This fashion retail concept is a good example of
A. a defensive strategy to capture occupied territory by maneuvering around rivals. B. a defensive strategy to minimize the competitive advantages of rivals. C. an offensive strategy to offer an equally good or better product at a lower price. D. an offensive strategy to leapfrog competitors by being the first adopter of next-generation technologies or being first to market with next-generation products. E. an offensive strategy to seek uncharted waters and compete in blue oceans.
Elimination of the privity requirement led to ________
A) an increase in the liability of producers B) an increase in the liability of consumers C) a decrease in the liability of manufacturers D) a decrease in the liability of sellers
An ordinary contract between the debtor and his creditors whereby the creditors receive pro rata a part of their claims and the debtor is discharged from the balance of the claims is:
a. a non-statutory composition. b. a statutory assignment. c. an equity receivership. d. an automatic stay.